In 2018, the komodo platform was one of the most promising pieces of technology. This year, the team is working on several new products to reawaken this sleeping monster and return to the lights.
What is the komodo platform?
Komodo is a blockchain ecosystem and platform that offers end-to-end technological solutions. It is secure, reliable, and interoperable. Projects can build their own blockchains and hold token sales using Komodo.
Since Komodo is a fork of Zcash, intriguing Zcash features like the zero-knowledge proof protocol are also present in the Komodo platform. The platform’s currency is the Komodo coin, which has the ticker KMD.
The way Komodo addresses the four fundamental concepts—security, scalability, adaptability, and interoperability sets it apart from other solutions.
Komodo platform upcoming features and products in 2022 :
-AtomicDEX: An atomic swap and a non-custodial wallet DEX packaged as a single program. Be your own bank and manage your cryptocurrency.
-Lightning Network protocol integration.
-Metamask wallet integration.
-Trezor hardware wallet support
What is the KMD coin used for?
For an investor, a token’s utility is what counts. What can KMD do to help you, then?
To begin with, the dPoW consensus algorithm makes the KMD token essential to the entire network. Without a cryptocurrency, the consensus mechanism would not be able to work.
A 5 percent “Active User Reward” will be generated if you have more than 10 KMD in your wallet.
KMD use will increase as the network grows and new tools are added to it.
Is Komodo’s KMD coin a good investment?
Komodo is supported by a strong staff, a vibrant community, and well-designed tokenomics. The KMD token market cap is around $42 million in July 2022. Is it wise to purchase KMD to avoid the volatility risks associated with the 2022 bear market? It is preferable to DCA if you are thinking about investing in KMD.
However, this is not financial advice; you should conduct your own research before investing.
Where can I buy Komodo’s KMD coin?
On a cryptocurrency exchange like Binance or Kucoin, you can purchase Komodo with a credit or debit card. Before making a purchase, you must first create a Komodo wallet (an account) and get it approved.
For increased safety, don’t forget to withdraw your KMD from the exchange.